Donald Trump has threatened to overturn two decades of US economic policy by questioning the strong value of the dollar, raising fears that his presidency could set off a new round of currency wars between the big economies.
On Monday the president-elect appeared to break from the longstanding “strong dollar” policy of former administrations, declaring that the currency was too high and that this was preventing US companies from competing with their Chinese counterparts. “It’s killing us,” he said told the Wall Street Journal.
Speaking in Switzerland after Mr Trump’s comments, Anthony Scaramucci, a leading figure in Mr Trump’s transition team, said the administration would need to take heed of the problems of a buoyant currency.
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